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<br /> =- �'''Z'�"•�"'� •• TOLiEMER VNTF1 aM the Nnprovemente now or ha�e�fter erated on the proprrty, Md �I easanants, �ppurter►wnces. �nd
<br /> �:.,k..t;;;�� Axturea now or herwRer a p�rt ot tfie property.AM npl�can�nts and�ddiUons eh�N 8so be covered by thls Seca�ity Instrumant.
<br />�_.^s,,'Lf�� NI of the torepoing Is referred to In thls 8ecurity Instrumant�e the'Roperly."
<br /> BORROWFR CnYFNANT3 ihat Borrowx I� law}uNy sNz�d o1 the eattte h�►sby canveyed�nd h�s iha ripht to pr�nt md
<br /> . � '.:.�. convey the Property �nd th�t the Property la unencumbered, except lor encumbronces ol ►ecord. 9orrowor viarrmts end wlll
<br /> , �� detend penerally the Ntle to lhe Propert�r apabial all cl�lms end demands, aubjeet to eny encumbrances o1 rocord. �,=
<br /> '' THlS SECURITY INSTRUMEN'f combinee unilortn coven�nts for netlond ua� and nan�unlfortn covenrnts with Ilmlted -
<br /> ,- � varlatbns by Judsdictlon ta conetitute a unNorm a�curity Inetrument covarMp real pruperty. °
<br /> . ;,� UNI�OAM COVENANT8. Bor►ower�nd l.enda coven�nt�nd apree as fopows: _.
<br /> i. P�ym�nt of Principal �nd Int�nst; Pnpaym�nt�nd L�t� Charp�s.Borrowa eh�ll promply pty when �__.
<br />.,.,}:;:.;�.� due the principal oi and IntMtat on iho debl evldenc�d by the Note and �ny pnpayment md I�t�chupoa due under the Not�. -
<br /> J� 7. Funda tor T�x�i and In�ur�nce. SubJect to appNcabls law ar to �w�itten waNer by Lender.Borrowtr ehaq pay „
<br /> _,,,,,�,�,�„y to Lcnd�r on tho d�y mw�thry p�yr�i:nt�crc duo undcr tho Note, unUl tho Noto is pntd N tuA.a ::um ('Funds') for. (e) yc�rty �
<br /> ---�"=�'i° taxes md �sssssments whkh may �tt�fn priodly over thls Securiry Inatrument a3 � ilen on the Property; (b) yeuly la�ehold
<br /> payments a ground ranls on the Properry, i(any; (c) ye�rly hazard or propary inaurance premluma; (d) yeuly Aood inaunnce
<br />- - _ - prenUums,il a�y: (e) yearly martgage Insuruice premluma.II any: and(Q any sums p�yable by Bono�Hn to Lender In accordmce
<br /> - �r`^ wRh the provislono oi paragraph B, In Neu ot the peyment of mortgaye Insunnce premums. i hese rtems ere c�Ned 'Esuuw -
<br /> ' Items.' Lenekr mny, at eny time, collect and hold Funds in an uncwnt not to exceed the maxk�wm amount e lender for s
<br /> . .i:,� � fede►aly ralated moRg�ge loan may requke tor Bortower's esaow account under the fedanf Head Estate Setlkment Procedurea
<br /> '� Act of t974 as amended hom thno to tlme,12 U.S.C.�2601 ot seq. ("FlESPA'1. unkss enather 4aw that eppGes to the Funds
<br /> -� sets a lesser emount. If so, Lender may,at any Um¢, coHecl and hNd Funds In an �mount not to exceed the lesser amount.
<br />;``L;1���: Lender may estimnte the amount uf Funds due on tA� basls of cuReet data and reason�ble estknates oi expenditures ot future
<br />=�:��'-'!��, Escrow It�ms or otherwise In accordance with npptfcabte law.
<br /> ��.� �F��, The Fundo shfN bo held In an InstEtutlon wAoae daposks ue Insured by �ledenl agency,bstr�uity,a entily(induding
<br />_ ,:,.:r Lender, it Lender is such an InsUtuUa�) a fi any Fedewl Home Loan Bank. Lender shd appty the Funds to p�y the Escrow
<br /> y'��,• ,�� Itema.Lender may not charye BorrowQ►ta holding�nd�pply(ng the Funds. Nnualy snYyzinp th�esaow axount, or ve�ifyhp
<br />-�� �'" tha Escrow Itans, unless lender pays BoROwer hterost on the Funds �nd appNcabb law pe�nYlc Lender to m�ks auch a
<br /> �����"��"�:�>' , charge. Wowevcr, lender may requiro Barower to pay a one�Ume charge(a�n indepe�dent resl estate Ux reportlng eervke _
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<br /> , ,;;;;f;: uaed by Lender in connaction with tfils loan, uniess appNcabfe law provides otherwise. Unbss an agreement Is made or
<br /> �-��!�;�+�+r � appGpbte iuw requfrcs intercst to he pald,Lende►ahap not be requked to pay Borrow�+r�ny interost or e�mMgs on the Funda.
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<br /> �,,,�,.,:z,. HoROwer end Lende► may agree (n wridng, however, that Interest sAall be ptld on the Funds. Lendor shaN give to Borrower,
<br />,•����' � witha.1 ck�rge,an annual accounUnp ot the Funds, showhg aedits and debils to the Funds end lhe purpose tor which each
<br /> z_7;K:;�� debR ta Yhs Funds wss made. The Funds��e ptedged aa additionai seeurily fa ell sums aecurod by the Secwity tnatrumanL
<br /> _�; ,�;!_.r If the Funds hdd by Lender exceed the emounts perrt�(tted to ne held by npp4cable kw,Lmder shnll account to Borrower
<br /> ''-`*=�� tor the excers Funds {n accord�nce wkh lhe reqvM�r�r�ts of eppNcable I�w. If the�mount of the Funds held by Lender at�ny
<br />-�j=..••� Ume Is not sufflci¢nt to pay the Escrow Items when due. Lender rttay so notHy Bortower in writing,and,In such Wse Borrower
<br />;;,_-;=fi°�'�'_� shaN pay to Lender the emount necessary to make up the dMdency. BoROwer sA�N mrko up tho defldency tn no more than
<br /> _.,3,��� tweHe monthy parnents,at Lender's sole dtscretion.
<br /> _-.x�2a.n�u Upon p�yment in tuA of aN sums secured by lhis Seairtty Inshument Lender shall pron�ptly refund to Barowx any Funds
<br /> __ �`� hdd by Lender. It,under paragraph 21, Lmder shNl acquke or seN the Prupwly. Lmder,pria to tho acqu(siUon or sab of the
<br /> __;_��� Property, shaN appy any Funds held by Lender at the Umo of acqulsiUon or ate as a aedit agninst the sums securod by thia
<br /> ---_-= Securiry Instrument
<br /> -__� '� 3. AppllCStlOn of Paym�nts. Unless eppNc�We law provides otherwise, eY paynxnta recehred by Lender under
<br /> �'�� paragnphs 1 and 2 ahatl be appNed: first, to any prepeyment charyes due under the Note; second,to amounts psyable under
<br /> � paregraph 2: thkd,to Mterest due: fourth,to principal due;and Iast,to any late charges due under the Note.
<br /> --- 4. Charg�a; U�nl. Bonowe► shnll pay aU taxes, assessments, chuges, 8nes and Impositions ettri6ut�ble to the
<br /> PropMy whfch may aJ1.dn priority over this Security fnstrumenL and leasehotd paymd�ts a qround rents.H any. Borrower shaM
<br /> ----- pay thesa ohligationa in tha menner provided in paragraph 2, or if not paid h that memer.8onower shaN pay them on tMne
<br /> directly to the peraon owed payment Barower shaN prompHy tumish to Lmder aN noDOea of amounta to 6a p�id uncier thia
<br /> paragnph. If Bortower makes these payments dirrctlyr, Bortower shaN prompUy fumish to l.ender receipts evWendng the
<br /> PaYmmts.
<br /> Bo�rowe► shal promptly diseharge any lien whlch hae prlorfty over this Security instrument unkss Borrower: (e) ag�ees In
<br /> writlnp to the paymertt ot ihe oDtigeUon securad by the Ilen in a manner acceptaMe to Lender, (b)contests in good faith the
<br /> Wen by, er detends against enforoement ot the Uen fn, legal proceed'ngs whkh tn the Lencl�x's opinlon opertte to provent the
<br /> enforcanent of the Wen;or(o) aecurcs from the holder ot the Ilen en agreemmt satlsiactory to Lendx aubadktaling ths flen to
<br /> this Securiry InsUument.If Lender detertnines that any psrt oi the Property is subject to e Aen which may att�h prforily over this
<br /> - Security Instrument,Lender msy give Bortower s noHce IdenWykig the Iien.Barower ahai aath�ty the Ren or Uke one or moro of
<br /> � the�cdone set forth above wRhin 10 days ot the givk�g ot noUca.
<br /> — 5. Hazsrd or Prop�rty Insur�nc�. 8orrower sheq keep the knprovements now exlsUng or here�rtx erocted on the
<br /> Property insured against loss by fKe, hwrda fnduded wkhM the tcrm 'extended covdege'end eny other hszards, Induding
<br /> 1looda or Aooding,to�which Lmder requhes Msurance. This hsurance ahaN be rtwk►telned h the amounts and fa the perfods
<br /> thnt Lmder requkes. The Insurance carrkr provid�ng the(nsurance shall be chosen by Bortower subject to Londer's apF►roval
<br /> _ whfch shd not 6e unressonably withheld. It Borrawer faNs to meintain eaverage desaibcd ebove, Lendx�tuy, at Lender'a
<br /> opUon,obtak� coverage to pro:ect Lende►'o rights in the Property In accord�nu wfth paragraph 7.
<br /> Atl Insurence poYdes and rmawafs ahaN be accept�ble to Lender and shaH hdude a stendud mortg�ge dtuse. Lender
<br /> sheM have the right to hoid the poAdea and rmewels. If Lender requires, Barowa shal prompty ghre to Lender aM receipts of
<br /> pald premlums and renawal notices. In the evmt of loss,Borrower shall give prompt notice to the Insurance carrier and Lender.
<br /> � Lender may make proof of loss H not made prompUy by Borrower.
<br /> �___ Unless Lender and Bortower otheiwlse ayree In writhg, insurance proceeds shaN be appUed to restoraUon or repak of the
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